Airbnb tops revenue estimates on global travel demand, World Cup boost

Since last May, the company has broadened its platform to include services such as private chefs and car rentals, and thousands of boutique hotels, signifying a continued move beyond its original rental focus.

The company said as it expands into new areas of service, there are a lot of merger and acquisition opportunities. "We have quite a lot of cash, we generate a lot of cash, entrepreneurs would love part of Airbnb and to hold stock, so I think there's a huge number of opportunities for us," CEO Brian Chesky said.

Investors and analysts have closely watched Airbnb's expansion efforts, as the shift moves it toward a more conventional online travel agency, potentially increasing its competition with heavyweights such as Booking, Expedia and Tripadvisor.

Chesky said the company's transformation is just beginning and that after becoming a one-stop shop for travel, Airbnb would go "from traveling to living" and in its third phase, go to "other ways for people to connect" on its platform.